[unable to retrieve full-text content]Yahoo and AOL are sold, again, for about $5 billion KBJR 6 Source link
Read More »Robinhood responds to Buffett and Munger after they ‘insulted new generation’ of investors
TipRanks Ride the Crypto Boom with These 3 Stocks Some 15% of the American public owns some form of cryptocurrency – and a large part of that group jumped on the bandwagon in the last two years. The digital currencies – Bitcoin is the most famous, but there are scores of others – offer users a distinct set of advantages, based on their blockchain technology. First, the crypto coins are secure – as a digital technology, blockchain is notoriously difficult to break. Second, the coins… Source link
Read More »Yahoo, AOL sold — again — for about $5 billion
by: via Nexstar Media Wire, The Associated Press Posted: May 3, 2021 / 07:59 AM CDT / Updated: May 3, 2021 / 08:23 AM CDT A Yahoo! logo is shown on a screen. (Photo by Ethan Miller/Getty Images) AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will… Source link
Read More »Verizon Selling Yahoo, AOL and Media Assets for $5B to Private Equity Firm Apollo – The Hollywood Reporter
Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media brands to the private equity firm Apollo Global Management in a $5 billion deal announced Monday. The new company will be called Yahoo and will continue to be run by CEO Guru Gowrappan. Verizon will retain a 10 percent stake in the new company, and LionTree, which served as the lead financial advisor on the transaction, will also be an investor alongside… Source link
Read More »Internet trailblazers Yahoo, AOL sold, again, for $5 billion
(AP) – AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10% stake in the new company, which will be called Yahoo. Yahoo at the end of the last century was the face of the internet, preceding the behemoth tech platforms to follow, such as Google. And AOL was the portal, bringing almost every early… Source link
Read More »Verizon sells internet trailblazers Yahoo and AOL for $5B
Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that would compete with Google and Facebook. It didn’t work — those brands were already fading even then — as Google and Facebook and, increasingly, Amazon dominate the U.S. digital ad market. The year after buying Yahoo, Verizon wrote down the value of the combined operation, called “Oath,” by roughly the value of the $4.5 billion it had spent on Yahoo. Source link
Read More »Verizon sells internet trailblazers Yahoo and AOL for $5B
Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that would compete with Google and Facebook. It didn’t work — those brands were already fading even then — as Google and Facebook and, increasingly, Amazon dominate the U.S. digital ad market. The year after buying Yahoo, Verizon wrote down the value of the combined operation, called “Oath,” by roughly the value of the $4.5 billion it had spent on Yahoo. Source link
Read More »Verizon sells internet trailblazers Yahoo and AOL for $5B
Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that would compete with Google and Facebook. It didn’t work — those brands were already fading even then — as Google and Facebook and, increasingly, Amazon dominate the U.S. digital ad market. The year after buying Yahoo, Verizon wrote down the value of the combined operation, called “Oath,” by roughly the value of the $4.5 billion it had spent on Yahoo. Source link
Read More »Yahoo and AOL are sold, again, for about $5 billion – WKOW
[unable to retrieve full-text content]Yahoo and AOL are sold, again, for about $5 billion WKOW Source link
Read More »Verizon sells Yahoo and AOL businesses to Apollo for $5 billion
Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the two companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10 percent stake in the company and it will be rebranded to just “Yahoo.” The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo. Verizon bought AOL in 2015 for… Source link
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